Close Menu
Insurance Journal – Property Casualty Insurance News

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Insurer Secures $400 Million Capacity for Catastrophe & Flood Insurance

    July 11, 2025

    Lawyer Urges MBK Partners to Repay Debts to Home Plus Bond Investors

    July 11, 2025

    Marsh LLC: Stability and Strategy in Uncertain Times

    July 11, 2025
    Facebook X (Twitter) Instagram
    Insurance Journal – Property Casualty Insurance NewsInsurance Journal – Property Casualty Insurance News
    Facebook X (Twitter) Instagram
    SUBSCRIBE
    • Home
    • Business Insurance
    • Identity Protection
    • Life Insurance
    • Pets Insurance
    • Property Insurance
    • Vevehicle Insurance
    Insurance Journal – Property Casualty Insurance News
    Home ยป Air Lease Corp Receives $328.5 Million in Insurance Settlements for Russia-Stranded Aircraft
    Business Insurance

    Air Lease Corp Receives $328.5 Million in Insurance Settlements for Russia-Stranded Aircraft

    insurancejournalnewsBy insurancejournalnewsMarch 24, 2025No Comments1 Min Read
    Facebook Twitter Pinterest LinkedIn Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email

    Air Lease Corp (AL.N) announced on Monday that it had received $328.5 million in cash as part of insurance settlements. These settlements relate to the company’s aircraft that were blocked from leaving Russia after the country’s invasion of Ukraine.

    Illustration shows Air Lease logo
    Illustration shows Air Lease logo

    Before the invasion in early 2022, Russia represented a crucial market for aircraft lessors. These lessors purchased jets from Boeing (BA.N) and Airbus (AIR.PA), subsequently leasing them to Russian airlines. Following Western sanctions, lessors terminated these leases. However, Moscow refused to return the aircraft, effectively detaining them.

    Since then, lessors have been seeking to recover losses on the stranded jets through their insurers. Air Lease stated in a regulatory filing on Monday that it has recovered approximately $424.3 million of its initial $791.0 million claim to date. The leasing firm continues settlement discussions with other insurers.

    Air Lease Corp Aviation Russia sanctions Ukraine
    insurancejournalnews
    • Website

    Related Posts

    Insurer Secures $400 Million Capacity for Catastrophe & Flood Insurance

    July 11, 2025

    Lawyer Urges MBK Partners to Repay Debts to Home Plus Bond Investors

    July 11, 2025

    Marsh LLC: Stability and Strategy in Uncertain Times

    July 11, 2025
    Leave A Reply Cancel Reply

    Don't Miss

    Insurer Secures $400 Million Capacity for Catastrophe & Flood Insurance

    By insurancejournalnewsJuly 11, 20250

    Neptune Flood’s AI-powered underwriting platform Triton drives surge in premium capacity to over $400 million as company expands nationwide

    Lawyer Urges MBK Partners to Repay Debts to Home Plus Bond Investors

    July 11, 2025

    Marsh LLC: Stability and Strategy in Uncertain Times

    July 11, 2025

    Pocatello Insurance Firm Lauded for Second Year as Top 50 Performer

    July 11, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Our Picks

    Insurer Secures $400 Million Capacity for Catastrophe & Flood Insurance

    July 11, 2025

    Lawyer Urges MBK Partners to Repay Debts to Home Plus Bond Investors

    July 11, 2025

    Marsh LLC: Stability and Strategy in Uncertain Times

    July 11, 2025

    Pocatello Insurance Firm Lauded for Second Year as Top 50 Performer

    July 11, 2025

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    New

    Montana Eyes Workers’ Comp for First Responders with PTSD

    February 24, 2025

    Best Home and Auto Insurance Deals for Veterans

    February 24, 2025

    Pennsylvania Insurance Department: Protecting Consumers and Regulating the Insurance Market

    February 24, 2025
    Categories
    • Business Insurance (1,832)
    • Identity Protection (539)
    • Life Insurance (1,740)
    • New (5,654)
    • Pets Insurance (520)
    • Property Insurance (996)
    • Vevehicle Insurance (471)

    Insurer Secures $400 Million Capacity for Catastrophe & Flood Insurance

    By insurancejournalnewsJuly 11, 20250
    Facebook X (Twitter) Instagram Pinterest
    © 2025 Insurance Journal News. Designed by Insurance Journal New.

    Type above and press Enter to search. Press Esc to cancel.